My dashboard says i made x amount of money however it only deposited a lesser amont into my business account
Hi @Saucybbq661. Square card processing fees are deducted from your gross sales before the deposit is made. Also if your gross sales included any cash sales, the cash amount will also not be on the deposit.
Thank you. So is there a time period that I have to wait to receive the funds?
@Saucybbq661. You can transfer money from your Square account to your bank account anytime. Just go to your dashboard, then Balance and click on the “Transfer Out” button. If you do the 1-2 business day transfer, it’s free. For instant transfer, there is a fee and you need to have a linked debit card.
Otherwise, your funds should automatically transfer according to your transfer schedule, usually it is initiated after your business is closed for the day and you receive it in 1-2 business days. See this Help Article for more information.
Just remember that transfers happen in business days, not calendar days. If you initiate a transfer on Friday, it won’t show up in your bank until Monday or Tuesday, since Saturday and Sunday aren’t business days in the world of banking. LOL
Let me know if you have any other questions.
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